Gemini: Crypto adoption in the US and UK remains stable, spot ETFs drive market growth

Gemini's "Global State of Crypto in 2024" report said that despite the challenges, cryptocurrency adoption rates in the United States and the United Kingdom remained stable from 2022 to 2024, at 21% and 18%, respectively, and the retail market now looks ready to rebound. The report is based on an online survey of 6,000 people in the United States, the United Kingdom, France, Singapore and Turkey. The report shows that nearly two-thirds of respondents are optimistic about the long-term investment potential of cryptocurrencies, and 38% of respondents said they hold cryptocurrencies to fight inflation. Spot ETFs drive market growth, and 37% of US holders hold crypto assets through ETFs. Most holders said they hope to allocate 5% or more of their assets to digital assets. In addition, 73% of US holders said they would consider candidates' digital asset policies in the presidential election.